Exam 16: Indifference Curves, Ordering, Wealth of Nations, and More

The curve showing the quantity of a good that would be purchased at various income levels:

Average Revenue is equal to:

If income effect works in the direction opposite to that of substitution effect, the good is not:

Market economy is also known as:

The marginal utility theory is contributed by:

The Wealth of Nations is the work of:

The Scarcity definition of Economics is the contribution of:

The ordering of combinations on an indifference curve is:

Introspection is not the basis of :

If income effect works in the same direction to that of substitution effect, the good is a:

Father of Economics:

Substitution Effect is:

Change in demand due to change in relative price alone is called:

Indifference Approach is related with:

If the demand curve is linear and negatively sloped, the marginal revenue curve has a slope:

For complementary goods, the cross elasticity of demand:

The factor earning of entrepreneur is:

Commodities bought in larger quantities when income rises are called:

Which cost is to be incurred by a firm even if output is zero:

The addition to the total revenue by the sale of an additional unit is: